PhD

Finance

The Finance group at MIT Sloan delves into the study of markets for real and financial assets, emphasizing the practical applications of modern financial theory widely adopted by Wall Street and corporations. Students gain a robust understanding of foundational theories and acquire the tools necessary for conducting both theoretical and applied research. After completing coursework in microeconomics and macroeconomics, students tailor their research programs with faculty guidance, often contributing to and expanding on faculty research. Notable faculty members include Hui Chen, whose research intersects asset pricing and corporate finance; Deborah Lucas, known for her work on public sector financial management; and Maryam Farboodi, who explores the economics of big data and its impact on financial markets. 

Research from Finance Faculty

Press MIT Sloan Management Review

Audit yourself to get more from GenAI

A recent field experiment by associate professor Jackson Lu and co-authors randomly assigned 250 employees at a technology consulting firm in China to either use ChatGPT to assist with their work or to work without it. The employees with ChatGPT access were judged as significantly more creative by both their supervisors and outside evaluators. But the gains showed up exclusively among employees with strong metacognitive strategies.

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Press The Wall Street Journal

Can investors trust AI sales figures?

Senior lecturer Robert Pozen wrote: "The lesson from the telecom debacle is that financial engineering can obscure, for years, the difference between real customer demand and demand driven by incentives. When AI companies begin to finance their own product distribution, guaranteeing returns to investors and subsidizing sales, it's a signal for investors to dig deeper."

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Press Heatmap News

The U.S. finally has two new nuclear projects underway

Keeping California's last operating nuclear station, Diablo Canyon, running from 2030 to 2045 could offer net savings of capital and operating costs totaling more than $7.6 billion, or more than $500 million per year of continued operations, according to a new analysis by senior lecturer John Parsons, a research affiliate with the MIT Center for Energy and Environmental Policy Research.

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Full-Time Faculty

Paul Asquith

Paul Asquith

Gordon Y Billard Professor of Finance

Paul Asquith is the Gordon Y Billard Professor of Finance and a Professor of Finance at the MIT Sloan School of Management. Asquith is a specialist in corporate finance and a media source for the field of corporate finance and control, including…

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Hui Chen

Hui Chen

Nomura Professor of Finance

Hui Chen is the Nomura Professor of Finance and a Professor of Finance at the MIT Sloan School of Management. His research focuses on asset pricing and its connections with corporate finance. Chen is particularly interested in the interactions…

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Taha Choukhmane

Taha Choukhmane

Albert F. (1942) & Jeanne P. Clear Career Development Assistant Professor in Global Management

Taha Choukhmane is an Assistant Professor of Finance at the MIT Sloan School of Management. He was most recently a postdoctoral fellow at the National Bureau of Economic Research. His research interests lie at the intersection of household finance…

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John C. Cox

John C. Cox

Nomura Professor of Finance, Emeritus

John Cox is the Nomura Professor of Finance, Emeritus at the MIT Sloan School of Management. A leading authority on corporate finance and finance theory, Cox has developed an inter-temporal financial model broad enough to include the fundamental…

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